As the U.S. stock market dropped dramatically on Monday morning, President Donald Trump immediately tried to pass blame for the market free fall on factors other than himself and his policies, instead insisting that “fake news” was responsible for the 1,800-point drop in the Dow Jones Industrial Average.
In the past, as the market has risen to new highs, the president has been eager to claim credit for good economic news, insisting that his policies are responsible for the gains. Now, however, when the market is on the verge of crashing, he’s trying to wash his hands of the whole matter.
But to quote an old axiom in the financial world: Live by the market, die by the market.
A hashtag also began trending on Twitter: #TrumpCrash.
Saudi Arabia and Russia are arguing over the price and flow of oil. That, and the Fake News, is the reason for the market drop!
— Donald J. Trump (@realDonaldTrump) March 9, 2020
Good for the consumer, gasoline prices coming down!
— Donald J. Trump (@realDonaldTrump) March 9, 2020
How wonderful for all of us! Our 401k accounts which are meant to help us all retire with some level of security are quickly becoming worthless, but at least we’ll pay less at the pump. That’s cold comfort for most Americans, and many were eager to give Trump a dose of reality mixed with outright rage:
ALWAYS someone else’s fault, eh Mr. “President”?
— D Villella ❄️ (@dvillella) March 9, 2020
Wrong. It is your ridiculous lack of leadership facing a potential global pandemic.
President Obama left a Pandemic team for you that could have responded (TIMELY). Instead, you:
– fire them
– claim COVID-19 is a hoax
– appoint the Keystone Kops to lead a LATE response. pic.twitter.com/cLF4PTV2d2— Chris ?? (@cjcFlint) March 9, 2020
Dow Jones Industrial Average Index
Index: DJI
24,355.40
▼ 1,509.38 (5.84%)
March 9, 11:33 AM EDTWho is ready to believe Trump…over 16,000 lies in three years says WaPo. No rational person would believe a word he says.
TRUMP RECESSION COMING?
— Ann (@alf27900) March 9, 2020
Nope, if you want to brag when the market surges, then you get hit when the market drops. You can’t blame &mean tweet your way out of this one. You dropped the ball, you’re a lazy, narcissistic son of a bitch,this country needs stability & you need to resign! #WorstPresidentEver
— lauren girard (@laureniscooking) March 9, 2020
Dow down ~1,900 points. Trading halted for the 1st time since ’97. Really? Nice job Don.
Obama handed you an 8-year rally and you treated it like a NJ casino.— Tom Mullaly (@wagefreedom) March 9, 2020
In about an hour, don’t be surprised if Trump says the market is collapsing because of Obama or Hillary. He’s running out of scapegoats.
Featured Image Via Twitter
